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I reserve to end the auction if it finishes below the reserve price, and any proof of purchases can be seen via pm to me.
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It's pretty quiet so far today, someone needs to buy 3k BTC lol and get this party started.
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I have 2 knc jupiter miners that I am looking to sell. Both are currently mining on eligius at address 1CYophkCzz6DsBk3UUJCdnFjBGt8KbgMXx. Together they average 1100 GH/s over a 12 hour period. The winner of the auction will be in contact with me and I will give him the login details of both my kncminer account and my portal.kncminer account. Once the buyer has both of these details, the buyer is free to change the mining address that the miners are pointed to and the pool that they are on (in addition to the password of the two accounts). Therefore, shipping is instant and I will certainly be on Monday to exchange information with the buyer.
Reserve Price: 60 BTC
Begin Time: 11 AM EST 11/14/2013
End Time: 11 AM EST 11/18/2013
Auction begins at 40 BTC for both jupiters, and is only able to end for both jupiters (as they are both linked to the same account).
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I just witnessed on Gox a single massive 1.4 K sell at once at 430 dropping all the way down to 405. Damn. It's good to see how bitcoin isn't affected by this kind of things any more.  and yet it bounced RIGHT back up to 430. I don't have the numbers off hand to back this up, but it seems like the April-May rise would have been seriously affected by such a sell even for a few hours. This time around it's almost like these dumps don't happen. Am I crazy for feeling this to be the case? no this is indeed the case. the "bubble pop" happened on very little volume, everyone let that knife fall. no one is letting the kinfe fall today... ( might be because the chinese promiss to buy ALL the bitcoin for mtgox price +10%  ) sheez where's that guy with the 700 dollar per coin contracts? he just simply just ignored me LOL!!!  /\500 will be the proving ground imho! Do I hear $500 tomorrow? It's quite possible given todays high was $70 higher than yesterday... |
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It's nice to see new ATH but bitcoin currently is still very much inflationary. The higher the price the higher the amount of new fiat needed to soak up the new coins created. Where do you think the equilibrium is? At current exchange rate it's about $2 million USD per day.
This is only necessary if the miners are selling the newly minted coins. Else, the amount of traded coins on the exchanges one would think remains stable. |
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3600 newly minted plus change in difficulty... So maybe 4k-4.2k a day.
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My "sensible" cashing out principles
Once you hit 10x or 100x your initial investment then take the investment out (1-10% of your total). You can no longer loose whatever happens.
This is correct. Not many do however use this tactic. Yeah but last I checked its almost impossible to pull a 10 folder in an investment. But, bitcoin has done it again and again. |
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It's not even close to critical mass. Still only 1 of 20 people you will talk about bitcoin won't look you as some nutter when you talk about it.
If critical mass would have been hit, the price would be 5k.
I think maybe that number is closer to 1 in 100 for me lol... |
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You mean we are at the "new paradigm" stage?
I would argue for delusion here, I mean come on... lol |
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More importantly where are the coins coming from? And how would you spread across all exchanges evenly?
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double top means its going to crash right?
If it means anything at all then yes usually it goes down from there... Couldn't it be argued that it is actually a cup and the handle will come soon and be a bear trap? |
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Thanks for the response, I'll have to think about it. I will say your offering is certainly a fair price tho.
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I can see it falling back around 200 before skyrocketing to the next high. Which would mean another great buying opportunity.
Reality: Not happening. We saw our healthy correction already (with up to 30% dip). And didn't you see the double apple bottom? Basically, were moving into wave 5 most likely, the last and most powerful wave of the uptrend. |
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Will it protect against just .22 or higher caliber bullets as well?
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Just protect the private key. Last thing you want is to lose the coins based on inability to move them.
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The thing is I would go in through Madison Square Garden entrance (main entrance) and go down to the LIRR. So I know a lot of the shops in the LIRR part can't really help in the upper part.
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Everyone is testing the ceiling and anticipating a large sell off soon, that's all that's happening. People are beginning to learn from past bubbles. We'll probably push it up a little further this week before crashing it down by weekend.
But since so many people see this coming, even if it does bottom out I can't see it going below $200 again. |
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Long story short, there's a place I went to in Penn Station I liked. I need to contact them. If you can get the name of this place and a photograph or two (so I know we are talking about the same place) I will send you the coins. I've obviously already tried the standard online searches, but can't seem to come up with anything.
Description of the place:
- If you were looking at the entrance from Madison Square Garden .. you entered on the door on the left side (the cross streets)
- You go down the stairs and from what I remember is a small bar / deli on the left
- When you enter there's sandwiches on the right
- Cashier is on the left
- Bar was on the right with a couple tables all the way in the back
- Couple TV's as well
Here's what you need to get the .075 btc:
- Couple pictures of the place (upload to imgur)
- Name of place
Yup, that's all I need and the coins are yours.
Too bad you didn't need to know this a year ago I was travelling there 3 days a week, but not anymore. I think I ate at that place too lol. |
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I think we're at a point where people don't want to sell because they think its going higher and people don't want to buy because of the instability/volatility of the price (and the fact that its up 3x in a month).
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